New Delhi, March 23 -- Regulatory safeguards introduced by the Reserve Bank of India and NABARD have significantly improved the governance and functioning of cooperative banks across the country, the Lok Sabha was informed on Monday.
Minister of State for Finance Pankaj Chaudhary informed that a series of reforms and supervisory measures have been implemented to enhance transparency, accountability, and financial stability in the cooperative banking sector.
The Reserve Bank of India has strengthened its regulatory oversight by introducing stricter norms, improved risk-based supervision, and tighter compliance mechanisms to ensure better financial discipline among cooperative banks.
At the same time, NABARD continues to play a crucial rol...